Binance BTC balance up 0.52%... USDT down 7.95%
Original headline바이낸스 BTC 잔액 0.52% 증가…USDT 7.95% 감소
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Binance's November proof-of-reserves snapshot, dated October 31, showed user bitcoin balances rose 0.52% month-over-month to roughly 692,200 BTC, an increase of 3,614 BTC, while Tether (USDT) holdings fell 7.95% to about 29.483 billion USDT, a decline of roughly 2.545 billion tokens. Ethereum balances dropped 3.80% to approximately 3.6549 million ETH, down about 144,200 ETH, and BNB balances slipped to around 42.6383 million BNB, a decrease of about 401,700 tokens. The data, published by Binance and compared by Wu Blockchain against the prior month's snapshot, offers a point-in-time view of customer assets held on the exchange. The divergence—rising BTC alongside a sharp USDT outflow—suggests users may be rotating stablecoin holdings into bitcoin or withdrawing stablecoins, a pattern worth monitoring for shifts in exchange flows and market positioning. Future monthly snapshots and whether the USDT drawdown continues or reverses will be key indicators to watch.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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